Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) have been given an average rating of “Hold” by the fifteen brokerages that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $76.78.

A number of brokerages have commented on TROW. TheStreet upgraded T. Rowe Price Group from a “c+” rating to a “b-” rating in a research report on Friday, April 28th. Argus cut T. Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Deutsche Bank AG reissued a “hold” rating and set a $71.00 price target (down from $74.00) on shares of T. Rowe Price Group in a research note on Monday, May 1st. Morgan Stanley reissued an “underweight” rating and set a $70.00 price target (up from $64.00) on shares of T. Rowe Price Group in a research note on Monday, July 10th. Finally, Jefferies Group LLC set a $83.00 price target on T. Rowe Price Group and gave the company a “buy” rating in a research note on Tuesday, June 20th.

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In related news, Director Anne M. Whittemore sold 8,326 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $82.03, for a total value of $682,981.78. Following the transaction, the director now directly owns 28,982 shares in the company, valued at $2,377,393.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David Oestreicher sold 10,394 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $83.07, for a total value of $863,429.58. Following the completion of the transaction, the insider now owns 82,299 shares in the company, valued at $6,836,577.93. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC boosted its position in T. Rowe Price Group by 1.4% in the first quarter. Quadrant Capital Group LLC now owns 1,660 shares of the asset manager’s stock worth $107,000 after buying an additional 23 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in shares of T. Rowe Price Group by 6.9% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,593 shares of the asset manager’s stock valued at $118,000 after buying an additional 103 shares during the last quarter. Mosaic Family Wealth LLC boosted its stake in shares of T. Rowe Price Group by 4.5% in the first quarter. Mosaic Family Wealth LLC now owns 1,967 shares of the asset manager’s stock valued at $134,000 after buying an additional 85 shares during the last quarter. FNY Partners Fund LP bought a new stake in shares of T. Rowe Price Group during the first quarter valued at about $147,000. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of T. Rowe Price Group by 103.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,119 shares of the asset manager’s stock valued at $157,000 after buying an additional 1,075 shares during the last quarter. Hedge funds and other institutional investors own 71.86% of the company’s stock.

Shares of T. Rowe Price Group (TROW) traded down 0.07% during midday trading on Friday, hitting $82.79. The stock had a trading volume of 1,127,023 shares. The stock has a market cap of $19.90 billion, a PE ratio of 14.22 and a beta of 1.24. The stock’s 50-day moving average is $79.16 and its 200-day moving average is $72.78. T. Rowe Price Group has a 12 month low of $62.97 and a 12 month high of $85.42.

T. Rowe Price Group (NASDAQ:TROW) last posted its earnings results on Tuesday, July 25th. The asset manager reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.01. T. Rowe Price Group had a return on equity of 24.38% and a net margin of 32.64%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the company earned $0.76 earnings per share. T. Rowe Price Group’s revenue was up 12.1% on a year-over-year basis. Equities analysts anticipate that T. Rowe Price Group will post $5.65 EPS for the current year.

T. Rowe Price Group Company Profile

T. Rowe Price Group, Inc is a financial services holding company. The Company provides global investment management services through its subsidiaries to investors across the world. The Company provides an array of Company sponsored the United States mutual funds, other sponsored pooled investment vehicles, sub advisory services, separate account management, recordkeeping, and related services to individuals, advisors, institutions, financial intermediaries and retirement plan sponsors.

Analyst Recommendations for T. Rowe Price Group (NASDAQ:TROW)

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